Thursday, May 28, 2020

FCPO Trading – 28th May 2020

Previous Close
2281
Support 1
2255
Support 2
2145
Resistance 1
2335
Resistance 2
2445
Open
2300
Close
2268




From the above chart, trend at 15.00 (GMT + 8), half and hour after open of afternoon session is downward trend. Order today at 16.00

FCPO August 2020
Order Place time : 16.00
Short
2265
Cut Loss
2275
Target Price
2230
Reward to Risk Ratio
3.5

Losing trade.

The order was made because it is downward trend as show and expecting to go lower. It is a wrong decision as I did not realise it is testing the support level of 2255. The order is make when my mind is unclear with my work and had multiple though of cancel the order but force to make the order because of yesterday experience.




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FCPO Trading – 15th June 2020

Previous Close 2371 Support 1 2315 Support 2 2240 Resistance 1 ...